Overall home values are expected to climb significantly over the next few years
Where Are Home Values Headed Over the Next 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
The results of their latest survey:
Home values will appreciate by 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.
The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Overall home values are expected to climb significantly over the next few years. Thinking of buying? Now is the time with low interest rates and the potential for significant growth over the next five years. Want to know what your home is worth and considering upsizing or downsizing? Contact us for a FREE market analysis.
It's time to team up! We are two, full time dedicated Realtor Partners making up The Ehlen Team, Home of the Buy and Sell Program. We specialize in the Southeast Valley and live, work and play in Gilbert, Arizona. We are the #1 RE/MAX team in Gilbert, Arizona for all of 2015! We have put over $42,000 back in our clients' pocket in 2015! Visit www.TheEhlenTeam.com or www.BuyandSellProgram.com for more information or contact us at 602-320-7056 or info@TheEhlenTeam.com today!